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A-LevelEconomicsBasic Economic Ideas and Resource AllocationOct/Nov 2018Paper 1 Q31 Mark

From 1995 to 2000 each of the countries listed below moved towards a market economy through privatisation programmes. [Table: private sector share of GDP (ratio of private enterprise earnings to GDP) 1995 2000 A Czechia 70 80 B Hungary 60 70 C Romania 45 60 D Slovakia 60 80] Which country made the slowest rate of transition?

ACzechia
BHungary
CRomania
DSlovakia

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The correct answer is A. This question tests the candidate's understanding of basic economic ideas and resource allocation within the Economicssyllabus. The examiner's mark scheme requires...

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Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...

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About This A-Level Economics Question

This multiple-choice question appeared in the Cambridge A-Level Economics (9708) Oct/Nov 2018 examination, Paper 1 Variant 2. It tests the topic of Basic Economic Ideas and Resource Allocation and is worth 1 mark.

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